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Bruce Richards

Chairman & CEO at Marathon Asset Management LP

Profile

Bruce Richards is Chairman & Chief Executive Officer of Marathon Asset Management. Mr. Richards is responsible for general oversight of the $14 billion the firm manages on behalf of its institutional investors. He also leads the firm’s Executive Committee and is a member of its Investment Committee. Mr. Richards' day-to-day presence is critical in maximizing Marathon's synergies and leveraging the intellectual capital throughout the firm.

Mr. Richards co-founded Marathon with Louis Hanover in January 1998. The firm focuses on investing in the global credit markets, including corporate debt, bank debt and bonds, special situations and distressed debt, the structured debt markets (RMBS, CMBS, ABS, CLOs, Aircraft Finance and Asset-based Lending), and Emerging Market Debt. Marathon employs 150 professionals and maintains its headquarters in New York, with investment offices in London and Singapore.

Prior to founding Marathon, Mr. Richards worked on Wall Street for 15 years, including 10 years as a Managing Director in the fixed income divisions of Smith Barney and Donaldson, Lufkin & Jenrette where he was head of a trading desk responsible for principal investments and market making.

Mr. Richards received his B.A. in Economics, summa cum laude, from Tulane University (1982) and is a member of Phi Beta Kappa.

How dependent is this market on the economic cycle? What is the opportunity today and what could it be in the future? What are the merits and challenges associated with different distressed strategies?